Orsus Xelent Technologies, Inc. (AMEX: ORS) Receives $6.65 Price Target from RedChip Research Analyst
ORS delivers explosive revenue growth and continues to expand its customer base in traditional and new markets. For the first half of FY 2007, revenues surged 43% compared to the first half in FY 2006. At the beginning of 2007, ORS changed its business model in an effort to avoid becoming a pure cell phone commodities player. Management shifted the focus of operations to mid-level and high-end products, and the result has been greater profitability for the Company. ORS is set to deliver its initial shipment of the Proxlink X180 to the law enforcement employees of the Hebei Bureau Administration…